Thats according to this yearsGlobal Startup Ecosystem Index Reportby StartupBlink.
In the past decade, the Nordic nation has emerged as one of the worlds top tier startup hubs.
Home to over 7,000startupsand scaleups, Sweden has also minted 41 unicorns to date.
This includes high-profile companies such as Spotify, Klarna, and NorthVolt.
40% off TNW Conference!
Another important element is a global approach to growth.
Sweden now has 12 cities in the global 1,000 down from 19 last year.
These include central startup hub Stockholm, Gothenburg, Malmo, and Uppsala.
Stockholm is the only ecosystem that makes it to the worlds top 100.
However, it was unable to secure a position in the top 20, as it did in 2023.
This year, it has dropped seven spots, ranking 26th.
Nevertheless, the capital city retains the fourth position in Europe, after London, Paris, and Berlin.
Amsterdam follows in fifth place.
Overall, Sweden is the sixth best-ranked country in the word, down one place from 2023.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
